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The closing price of Novagold Resources Inc. (AMEX: NG) was $2.81 for the day, down -9.35% from the previous closing price of $3.10. In other words, the price has decreased by $-9.35 from its previous closing price. On the day, 2.55 million shares were traded. NG stock price reached its highest trading level at $3.02 during the session, while it also had its lowest trading level at $2.78.
Ratios:
Our analysis of NG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 65.41 and its Current Ratio is at 65.41.
On December 19, 2017, B. Riley FBR Inc. started tracking the stock assigning a Buy rating and target price of $7.B. Riley FBR Inc. initiated its Buy rating on December 19, 2017, with a $7 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 30 ’23 when Lang Gregory A. sold 42,519 shares for $4.16 per share. The transaction valued at 176,879 led to the insider holds 9,635 shares of the business.
MADHAVPEDDI KALIDAS V sold 10,947 shares of NG for $45,649 on Nov 30 ’23. The Director now owns 49,875 shares after completing the transaction at $4.17 per share. On Nov 29 ’23, another insider, Lang Gregory A., who serves as the President and CEO of the company, sold 46,335 shares for $4.21 each. As a result, the insider received 195,070 and left with 9,635 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NG now has a Market Capitalization of 939582528 and an Enterprise Value of 1060147776.
Stock Price History:
Over the past 52 weeks, NG has reached a high of $5.75, while it has fallen to a 52-week low of $2.22. The 50-Day Moving Average of the stock is 3.15%, while the 200-Day Moving Average is calculated to be -21.09%.
Shares Statistics:
NG traded an average of 2.46M shares per day over the past three months and 2106690 shares per day over the past ten days. A total of 334.25M shares are outstanding, with a floating share count of 229.01M. Insiders hold about 31.51% of the company’s shares, while institutions hold 52.94% stake in the company. Shares short for NG as of 1711584000 were 9783393 with a Short Ratio of 3.98, compared to 1709164800 on 10073067. Therefore, it implies a Short% of Shares Outstanding of 9783393 and a Short% of Float of 2.97.
Earnings Estimates
The stock of Novagold Resources Inc. (NG) is currently in the spotlight, with NGN/JPY analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $0.00, with high estimates of $0.00 and low estimates of $0.00.
